Governor to Use Pensions to Fund Shortfall
Remember the good old days when robbing someone was as simple as pulling a gun and demanding the loot?
Public employees and pensioners from all walks of life have been taking it on the chin recently. Not only did every bankers’ favorite president, Barack Obama, just agree to an international trade deal that favors Wall St. over workers, at the state level it’s even worse. Consider every corporation’s favorite governor, Sam Brownback, of Kansas.
In 2012, Brownback signed a landmark bill that delivered big tax cuts to the highest income earners and biggest businesses. Less than two years after that tax cut, the state’s income tax revenues tanked to the tune of a quarter-billion dollars. But Kansas needs to get money somewhere. So Brownback’s plan is to use the money that teachers, cops and firefighters paid into their retirement system to cover the state’s tax-cut-related budget shortfalls. Call it “pulling a Christie.”
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